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Wed, Feb 06, 2002 - Page 21 News List

H-P's Q1 profit topped forecast

COMPUTERS The US-based manufacturer said rising demand for PCs and peripherals helped boost earnings

BLOOMBERG , PALO ALTO, CALIFORNIA

H-P said it will report final first-quarter results Feb. 13 and hold an analyst meeting in New York on Feb. 27.

No date has been set for the shareholder vote on the Compaq purchase. Hewlett-Packard executives have a good idea of how people will vote, based on meetings with large institutional investors, Fiorina said.

"The level of support for this merger is growing and is more than sufficient to win a shareholder vote," she said in the speech.

Walter Hewlett disputed Fiorina's claim and said her prediction may be illegal.

"Fiorina's statement appears to be a clear violation of the Securities and Exchange Commission rules," Hewlett said.

"We are meeting with investors and what we are hearing is clearly contrary to her assertions."

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